DEMOFORM
ActiveDEMOFORM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €104k and a net result of €18k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+1
Solvency73▲+18
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.1 in 2023; short-term debt: 51.1% of total assets), and 51.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
61 d late
2022
31 d late
2021
52 d early
2020
72 d late
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€104k▲ 20.9%
2023 · €86k
2018: €140k
2019: €131k
2020: €163k
2021: €159k
2022: €165k
2023: €86k
2018 → 2024
Total assets
€217k▼ 24.0%
2023 · €285k
2018: €289k
2019: €255k
2020: €253k
2021: €317k
2022: €291k
2023: €285k
2018 → 2024
Net result
€18k▼ 13.6%
2023 · €21k
2018: €-21k
2019: €-9k
2020: €32k
2021: €-4k
2022: €7k
2023: €21k
2018 → 2024
Working capital
€36k▲ 113%
2023 · €17k
2018: €86k
2019: €69k
2020: €136k
2021: €112k
2022: €111k
2023: €17k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€163k-€159k▼ 2.6%€165k▲ 4.1%€86k▼ 47.8%€104k▲ 20.9%
Operating result€37k-€-657€9k€22k▲ 139%€24k▲ 5.9%
Net result€32k-€-4k€7k€21k▲ 217%€18k▼ 13.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 6% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €217k
Fixed assets
€70k▼ 26.4%
Current assets
€147k▼ 22.8%
Equity and liabilities €217k
Equity
€104k▲ 20.9%
Debt
€112k▼ 43.5%
The debt ratio falls from 69.7% to 51.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45k▼
2023 · €45k
Cash flow
€39k▼
2023 · €44k
Solvency
48.1%▲
2023 · 30.3%
Current ratio
1.33▲
2023 · 1.10
Quick ratio
0.69▲
2023 · 0.54
Debt / equity
1.08▼
2023 · 2.30
ROE
17.3%▼
2023 · 24.1%
ROA
8.3%▲
2023 · 7.3%
Interest coverage
22.37▲
2023 · 21.80
Debt
€112k▼
2023 · €199k
Debt ≤ 1 year
€111k▼
2023 · €173k
Debt > 1 year
€2k▼
2023 · €25k
Income taxes
€4k
Staff costs
€151k▲
2023 · €148k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€285k€217k▼
Fixed assets21/28€95k€70k▼
Tangible fixed assets22/27€95k€70k▼
Land and buildings22€38k€38k=
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€49k€27k▼
Current assets29/58€190k€147k▼
Stocks and contracts in progress3€97k€70k▼
Stocks30/36€50k€50k=
Contracts in progress37€47k€20k▼
Amounts receivable within one year40/41€55k€71k▲
Trade receivables40€51k€66k▲
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€32k-
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€285k€217k▼
Equity10/15€86k€104k▲
Contributions10/11€19k€19k=
Reserves13€71k€89k▲
Tax-exempt reserves132€50k€50k=
Distributable reserves133€22k€40k▲
Profit (loss) carried forward14€-4k€-4k=
Amounts payable17/49€199k€112k▼
Amounts payable after more than one year17€25k€2k▼
Financial debts170/4€25k€2k▼
Amounts payable within one year42/48€173k€111k▼
Current portion of amounts payable after more than one year42€28k€24k▼
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€33k€41k▲
Suppliers440/4€33k€41k▲
Taxes, remuneration and social security45€10k€15k▲
Taxes450/3-€5k
Remuneration and social security454/9€10k€10k▲
Other amounts payable47/48€103k-
Income statement
Code20232024
Non-recurring operating income76A-€12k
Remuneration, social security and pensions62€148k€151k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€21k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€3k€3k▲
Gross operating margin9900€198k€199k▲
Operating profit (loss)9901€22k€24k▲
Financial income75/76B€724€122▼
Recurring financial income75€724€122▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€21k€22k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€21k€18k▼
Profit (loss) for the period to be appropriated9905€21k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€14k▲
Profit (loss) brought forward from the previous period14P€-24k€-4k▲
Transfer from equity791/2€100k-
Transfer to equity691/2-€18k
To other reserves6921-€18k
Profit to be distributed694/7€100k-
Return on contributions (dividend)694€100k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €104k ▲20.9%
3 profitable years in a row build equity to €104k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 72 days late
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.55
Current ratio from 1.57 to 3.55; short-term debt falls from €121k to €53k.
31-12
Financial
Equity above €150kEq €163k ▲24.6%
Equity rises from €131k to €163k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
12-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 43 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidstraat 1468791 WaregemGround area
1,195 m²
Building footprint
920 m²
Volume, LiDAR
6,514 m³
Parcel 34006A0425/00D003, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidstraat 146, 8791 Waregem
since 19922.057.390.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0425/00D003 | Flanders | 1,195 m² | 1 · 920 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 18,914 EUR awarded · 18,914 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,260 EUR | 4,260 EUR |
| 2024 | 1 | 4,217 EUR | 4,217 EUR |
| 2023 | 1 | 5,112 EUR | 5,112 EUR |
| 2022 | 1 | 5,325 EUR | 5,325 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-1992
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
36130
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.